Daniel Caruso Sells 87,741 Shares of Zayo Group Holdings Inc (NYSE:ZAYO) Stock

Zayo Group Holdings Inc (NYSE:ZAYO) CEO Daniel Caruso sold 87,741 shares of Zayo Group stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $36.05, for a total value of $3,163,063.05. Following the completion of the sale, the chief executive officer now directly owns 4,383,535 shares in the company, valued at approximately $158,026,436.75. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Daniel Caruso also recently made the following trade(s):

  • On Wednesday, January 17th, Daniel Caruso sold 123,738 shares of Zayo Group stock. The shares were sold at an average price of $36.80, for a total value of $4,553,558.40.
  • On Friday, January 12th, Daniel Caruso sold 12,500 shares of Zayo Group stock. The shares were sold at an average price of $36.70, for a total value of $458,750.00.
  • On Tuesday, January 2nd, Daniel Caruso sold 17,723 shares of Zayo Group stock. The shares were sold at an average price of $36.39, for a total value of $644,939.97.

Zayo Group Holdings Inc (NYSE ZAYO) traded down $0.24 during trading on Thursday, reaching $36.46. The company had a trading volume of 1,520,000 shares, compared to its average volume of 1,440,000. Zayo Group Holdings Inc has a fifty-two week low of $29.73 and a fifty-two week high of $37.49. The company has a debt-to-equity ratio of 3.81, a current ratio of 0.91 and a quick ratio of 0.91. The company has a market capitalization of $8,990.00, a PE ratio of 95.95, a P/E/G ratio of 14.72 and a beta of 0.53.

Zayo Group (NYSE:ZAYO) last posted its quarterly earnings results on Monday, November 6th. The technology company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.01). Zayo Group had a return on equity of 8.01% and a net margin of 3.99%. sell-side analysts anticipate that Zayo Group Holdings Inc will post 0.49 earnings per share for the current year.

A number of institutional investors have recently bought and sold shares of the stock. Dodge & Cox grew its holdings in Zayo Group by 0.6% during the second quarter. Dodge & Cox now owns 16,565,828 shares of the technology company’s stock worth $511,884,000 after purchasing an additional 96,250 shares during the period. Vanguard Group Inc. grew its holdings in Zayo Group by 8.9% during the second quarter. Vanguard Group Inc. now owns 13,786,315 shares of the technology company’s stock worth $425,998,000 after purchasing an additional 1,127,326 shares during the period. BlackRock Inc. grew its holdings in Zayo Group by 8.7% during the second quarter. BlackRock Inc. now owns 10,207,343 shares of the technology company’s stock worth $315,410,000 after purchasing an additional 813,652 shares during the period. Carmignac Gestion grew its holdings in Zayo Group by 6.7% during the third quarter. Carmignac Gestion now owns 5,196,674 shares of the technology company’s stock worth $178,870,000 after purchasing an additional 328,486 shares during the period. Finally, Jana Partners LLC grew its holdings in Zayo Group by 48.0% during the third quarter. Jana Partners LLC now owns 4,175,993 shares of the technology company’s stock worth $143,738,000 after purchasing an additional 1,353,775 shares during the period. Institutional investors and hedge funds own 84.70% of the company’s stock.

ZAYO has been the topic of a number of recent research reports. Zacks Investment Research downgraded Zayo Group from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. TheStreet downgraded Zayo Group from a “b-” rating to a “c+” rating in a research report on Monday, November 13th. Barclays lifted their target price on Zayo Group from $36.00 to $40.00 and gave the company an “overweight” rating in a research report on Wednesday, October 18th. Morgan Stanley raised Zayo Group from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $33.00 to $40.00 in a research report on Tuesday, December 12th. Finally, Cowen reaffirmed a “buy” rating on shares of Zayo Group in a research report on Friday, November 10th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $39.36.

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About Zayo Group

Zayo Group Holdings, Inc provides communications infrastructure services, including fiber and bandwidth connectivity, colocation and cloud infrastructure to a range of businesses. The Company operates in five segments: Dark Fiber Solutions, Network Connectivity, Colocation and Cloud Infrastructure, Zayo Canada and Other.

Insider Buying and Selling by Quarter for Zayo Group (NYSE:ZAYO)

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